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    <title>Interest on delayed refunds</title>
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    <description>Section 11BB requires payment of interest on duties ordered to be refunded under section 11B(2) that are not refunded within three months of receipt of the section 11B(1) application; interest accrues from the day after that three month period until refund at a rate fixed by the Central Government (not below five per cent and not exceeding thirty per cent), includes a transitional proviso for applications predating the Finance Bill, 1995 assent, and deems appellate or court refund orders to be orders under section 11B(2) for interest purposes.</description>
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    <pubDate>Sat, 19 Jan 2008 22:45:54 +0530</pubDate>
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      <title>Interest on delayed refunds</title>
      <link>https://www.taxtmi.com/acts?id=84</link>
      <description>Section 11BB requires payment of interest on duties ordered to be refunded under section 11B(2) that are not refunded within three months of receipt of the section 11B(1) application; interest accrues from the day after that three month period until refund at a rate fixed by the Central Government (not below five per cent and not exceeding thirty per cent), includes a transitional proviso for applications predating the Finance Bill, 1995 assent, and deems appellate or court refund orders to be orders under section 11B(2) for interest purposes.</description>
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      <pubDate>Sat, 19 Jan 2008 22:45:54 +0530</pubDate>
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